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Fully Leased Retail Building For Sale

5033 Monroe St, Toledo, OH 43623

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For Sale

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22,009 SF fully leased retail building near Franklin Park Mall.

Type:Retail

Property size:

22,009 SF

Price / SF:

$124/SF

HighLights

22,009 SF fully leased retail building.
Adjacent to Franklin Park Mall, anchored by Dillard's, JCPenney, and Dick's Sporting Goods (7 million annual visitors).
Located on highly trafficked Monroe Street retail corridor.
Less than one‑half mile north of I‑475 interchange.
Mixed zoning (Regional Commercial and Limited Industrial) permits numerous uses.
Two curb cuts on Talmadge Rd and easement access to Monroe St curb cut.

We can help!

Contact an agent

Rami Sebai

For Sale

Contact for pricing

22,009 SF fully leased retail building near Franklin Park Mall.

Type:Retail

Property size:

22,009 SF

Price / SF:

$124/SF

Added:: Feb 13, 2026
Days on Market:: 134
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 5033 Monroe St

General Information

Standard status: Active
Size: 22,009 SF
Property subtype: Retail

Building Details

Year Built: 1987

We can help!

Contact an agent

Rami Sebai

Listing office SVN Ascension Commercial Realty

Listing date Feb 13, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVN Ascension Commercial Realty

HighLights

22,009 SF fully leased retail building.
Adjacent to Franklin Park Mall, anchored by Dillard's, JCPenney, and Dick's Sporting Goods (7 million annual visitors).
Located on highly trafficked Monroe Street retail corridor.
Less than one‑half mile north of I‑475 interchange.
Mixed zoning (Regional Commercial and Limited Industrial) permits numerous uses.
Two curb cuts on Talmadge Rd and easement access to Monroe St curb cut.

Overview

This is a 22,009 square foot fully leased retail building for sale. It is located adjacent to the Franklin Park Mall, which is anchored by Dillard's, JCPenney, and Dick's Sporting Goods, attracting over 7 million visitors annually. The property is ideally situated along the highly trafficked Monroe Street retail corridor and features two curb cuts along Talmadge Road. Access is also available via a recorded easement to a curb cut on Monroe Street. Located less than one-half mile north of the I-475 interchange, the property provides convenient access to regional traffic. The mixed zoning parcel includes Regional Commercial and Limited Industrial, permitting numerous uses.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$221.9k	$10.08
− Vacancy	−$16.9k	−$0.77
EGI	$205.0k	$9.31
− OpEx	−$61.5k	−$2.79
NOI	$143.5k	$6.52

22,009 SF · lease $10.08/SF/yr · vacancy 7.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.05M

$1.79M – $2.39M (±1% cap)

NOI $143,493 @ 7.0% cap · market cap 5.22%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.66M

$3.20M – $4.27M (±1% cap)

NOI $256,396 @ 7.0% cap · market cap 9.32%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Toledo
County: Wood
State: Ohio
Longitude: -83.643521
Latitude: 41.6985292

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For sale
Retail space
OH
Toledo
43623
5033 Monroe St

What type of property is this?

Retail space - 22,009 SF fully leased retail building near Franklin Park Mall.

Where is this retail space located?

The property is located at 5033 Monroe St Toledo, OH.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: 22,009 SF fully leased retail building.; Adjacent to Franklin Park Mall, anchored by Dillard's, JCPenney, and Dick's Sporting Goods (7 million annual visitors).; Located on highly trafficked Monroe Street retail corridor.